The proposal
would pave way for export of surplus high-grade iron ore (with over 58 percent
iron content) in odisha and Jharkhand. The two states had approached the mines ministry
for the removal to garner revenue by exporting excess iron ore.

According to Federation of tinder Mineral Industries
168 million tones of high-grade iron ore lie idle in the country. However some
steel companies are of the view that ore is a natural resource and should not
be exported.

The major advantage the Indian steel sector has is
of domestic iron ore, so it should be conserved for the industry here, they
say. To develop infrastructure, more steel is required and hence, more iron
ore, Seshagiri Rao M V S, group chief

Financial Officer and joint Managing director of JSW Steel, had said. Meanwhile, mines ministry on Thursday launched a web portal
for star rating of major mineral mines in the country.

The main Objective of this is to bring all mines to
a minimum standard of star rating in the shortest possible time to adopt
sustainable practices.

The star rating will be based on aspects including
scientific and systematic mining to ease environmental impact, addressing
social impact of resettlement and rehabilitation, and adoption of international
standards for mining operations and reporting .http://www.axykno.com/Natura-resorces.php

Wednesday, August 17, 2016

Traffic
congestion caused by vehicle is an alarming problem at a global scale and it
has been growing exponentially. Car parking problem is a major contributor and
has been, still a major problem with increasing vehicle size in the luxurious
segment and confined parking spaces in urban cities. Searching for a parking
space is a routine (and often frustrating) activity for many people in cities around the world. This search burns about one million
barrels of the world’s oil every day. As the global population continues to
urbanize,without a well-planned, convenience-driven retreat from the car these
problems will worsen.

SmartParking systems typically obtains information about available parking spaces in
a particular geographic area and process is real-time to place vehicles at
available positions .It involves using low-cost sensors, real-time data
collection, and mobile-phone-enabled automated payment systems that allow people
to reserve parking in advance or very accurately predict where they will likely
find a spot.

When
deployed as a system, smart parking thus reduces car emissions in urban centers
by reducing the need for people to needlessly circle city blocks searching forparking. It also permits cities to carefully manage their parking supply Smart parking helps one of the biggest problems on driving in urban areas; finding
empty parking spaces and controlling illegal parking.

Below is
the structure of the process of operating and managing the smart parking
infrastructure.

Smart Parking

Potential market Landscape

The
rapid growth in the number of vehicles worldwide is intensifying the problem of
the scarcity of parking space. Again according to industry data, 30% of traffic
congestion occurs due to vehicle drivers struggling to find parking space.
These in turn are magnifying the necessity of smart and efficient parking
systems. Today’s intelligent parking management systems are capable of
providing extreme level of convenience to the drivers, as well as simplifying
and automating the business operation and administrative functions of the
parking site owners.

The
high growth rate in the registration of new cars worldwide, with major boom
from regional economies such as Asia Pacific (APACE), will open the window of
opportunities for parking management business. The ongoing and upcoming smartcity projects worldwide will create room for the intelligent parking management
systems. The global parking management industry is expected to grow at a
Compound Annual Growth Rate (CAGR) of 11.4% from 2014 to 2019.

The
parking management market is estimated to be at $5,025.9 million in 2014. The
market is expected to grow in tandem with the growth in vehicle ownership and
parking facilities development. Need for smooth traffic flow, business benefits
to the parking site operators, and decreasing hardware and connectivity costs
are the key drivers for the parking management industry.

Challenges and major pain points

The
major challenge in Parking Systems is of system integration due to wide variety
of hardware and software platforms involved and hence possess a great threat or
concern to the system scalability. The technology platform comprises of a myriad
of hardware sensors, dynamic messaging systems and traffic control devices,
wireless and wire line telecommunications systems, computer clients and servers
and hardware drivers and application interfaces.

Enabling
all these devices from thousands of different vendors to communicate and tying
them together into one platform is the greatest challenge in reducing the cost
and complexity of smart parking. The variety of infrastructure hardware and
software systems that need to intent grated is enormous and addSmart Parking in India to it the
conventional older hardware making investment in Smart Parking solution highly
risky and fragmented.

Another
major challenge is to face the electronic payment vendors. These payment
processors provide permit based electronicpayment, typically for a convenience
fee. The key to many of these hosted solutions is scalability, the ability of
the transaction processorto support over wide geographical, market and service
areas, with minimal cost http://axykno.com/Infrastructure.php

To
understand smart housing let us look at the basic definitions of the term ‘house’
& ‘smart’

A house is a building designed to
be used as a place of residence, or of human occupation for any purpose: as, a
dwelling house; a banking house; a house of worship; a public house. And the
definition of smart is sharp; quick, vigorous; efficient; severe, brisk;
lively; witty, elaborately nice; elegant; fine; showy, active; intelligent;
clever, careful; punctual, having strong qualities; strong.. etc

While
in modern context we often use smart to denote that which can provide
information right when you need it and can present them in a more useful way as
compared to other. Why? you can get the answer by observing around you that
peoples day to day activities are getting more effective, qualitative, as well
as dependent on the use of ICT i.e. information and communication technology.

When
we apply these modern principles using ICT in a cluster of houses we can call
it a smart housing. Smart houses have highly advanced, automated systems to
control and monitor any function of a house such as lighting, temperature
control, multi-media, security, window and door operations, air quality, or any
other task of necessity or comfort performed by a home's resident. Coded
signals are sent through the home's wiring (or sent wireless) to switches and
outlets that are programmed to operate appliances and electronic devices in
every part of the house. Home automation can be especially useful for the
elderly, people with physical or cognitive impairments, and disabled persons
who wish to live independently.

To
give you an example smart house is already a toy of super-wealthy, like Bill
and Melinda Gates' home in Washington State called Xanadu 2.0. The Gates' house
is so high-tech that it allows visitors to choose the mood music for each room
they visit.

So,
a truly smart house wouldn’t have different kinds of remote controls for
performing every kind of action and monitors that show the specific information
for specific device. But a smart housing should be something which we can have control
over and can keep an eye on even when we are not in home. It is something that
automatically adapts to our daily routines and can interact with us verbally in
any corner of the house and is able to assimilate and convey its own update to
occupants according to the priority in very understandable way. That means all
the services, sensors, appliances, from security to entertainment systems are
managed and controlled via one CPU which is accessible only to the occupants and
through a highly encrypted secure connections.

The
future of smart housing will bring more fictional characteristics that we watch
in movies such as; housing clusters recycling and safely disposing the wastes. Washing
and drying of clothes, and suggesting which clothes to wear on according to personal
choice in relation to weather outside. Self washing and cleaning of house.
Kitchens with robotic arms than can replicate unique dishes by learning the
data gathered from internet and according to the taste preferences of family
members. Creating artificial sunlight and artificial realities using
holographic projectors etc.

How India’s Tax System Structured Today

The constitution divides taxation
powers between Centre and States. Both level of Government

What is the Problems with this arrangement

There are two important problems
with the current arrangement:-

First
some goods which are manufactured are levied Indirect Tax called Central Excise
at the factory gate. Subsequently when they reach a retail outlet and is bought
by a consumer, State Government levies a tax on the consumption dubbed as Value
Added Tax (VAT).

So we have a Tax at Factory Gate
which adds to the cost of the goods and another tax i.e VAT on Final Price.

Since
States have exclusive domain on consumption tax i.e VAT within their borders, they
treat Goods coming from other states as ‘Imports”. If the goods are sent across
the state borders and sold in another state an ‘Export” tax called Central
Sales Tax is collected by the selling state.

As
seen above there are multiple taxes when there is commerce across state
borders. Consequently it increases cost for everyone and makes economic
activity within India and for Indians complicated.

How GST Help

The
GST shall have two components: one levied by the Centre (Central GST), and the
other levied by the States (State GST). Rates for Central GST and State GST
would be prescribed appropriately, reflecting revenue considerations and
acceptability. This dual GST model would be implemented through multiple
statutes (one for CGST and SGST statute for every State).

GST
is a single tax on the supply of goods and services, right from the
manufacturer to the consumer.

At the Central level, the following taxes are being subsumed:

·Central Excise Duty,

·Additional Excise Duty,

·Service Tax,

·Additional Customs Duty known
as Countervailing Duty, and

·Special Additional Duty
of Customs.

At the State level, the following taxes are being subsumed:

·Subsuming of State Value
Added Tax/Sales Tax,

· Entertainment Tax (other than the tax levied
by the local bodies), CST

·Octroi and Entry tax,

·Purchase Tax,

·Luxury tax, and

·Taxes on lottery,
betting and gambling.

The
Central GST and the State GST would be levied simultaneously on every
transaction of supply of goods and services except on exempted goods and
services, goods which are outside the purview of GST and the transactions which
are below the prescribed threshold limits. Further, both would be levied on the
same price or value unlike State VAT which is levied on the value of the goods
inclusive of Central Excise.

Credit of Input Tax :

Credits
of input taxes paid at each stage will be available in the subsequent stage of
value addition, which makes GST essentially a tax only on value addition at
each stage.

The
final consumer will thus bear only the GST charged by the last dealer in the
Supply chain with setoff benefits at all the previous stages.

Interstate Transactions:

In case of interstate transactions, the Centre
would levy and collect the Integrated Goods and Services Tax (IGST) on all
interstate supplies of goods and services under Article 269A (1) of the
Constitution. The IGST would roughly be equal to CGST plus SGST. The IGST
mechanism has been designed to ensure seamless flow of input tax credit from
one State to another. The interstate seller would pay IGST on the sale of his
goods to the Central Government after adjusting credit of IGST, CGST and SGST
on his purchases (in that order). The exporting State will transfer to the
Centre the credit of SGST used in payment of IGST. The importing dealer will
claim credit of IGST while discharging his output tax liability (both CGST and
SGST) in his own State. The Centre will transfer to the importing State the
credit of IGST used in payment of SGST. Since GST is a destination based tax,
all SGST on the final product will ordinarily accrue to the consuming State.